Hawaiian Holdings’ (HA - Free Report) wholly owned subsidiary Hawaiian Airlines reported impressive traffic figures for September. Revenue Passenger Miles (RPMs), a measure of traffic, increased 6.3% to 1.37 billion in September on a year-over-year basis.
Notably, Hawaiian Airlines has witnessed a 5.5% improvement in RPMs to 12.2 billion on a year-to-date basis. Also, ASMs were up 2.9% to 14.21 billion. Load factor expanded 210 bps to 85.8% as well. Additionally, passenger count rose 3.3% to 8.61 billion in the first nine months of 2017.
Hawaiian Holdings, which will release its third-quarter 2017 results on Oct 19, increased its guidance for gallons of jet fuel consumed and economic fuel cost per gallon. The carrier, based in Honolulu County, HI, expects gallons of jet fuel consumed to increase year over year between 3% and 4% (previous guidance had called for an increase between 3% and 5%).
Rising fuel costs have caused the carrier to project economic fuel cost per gallon between $1.65 and $1.75 (previous guidance had estimated the metric between $1.55 and $1.65). We expect rising costs (fuel and labor) to hurt the bottom line in the third quarter.
Zacks Rank & Key Picks
Hawaiian Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in airline space are Deutsche Lufthansa AG (DLAKY - Free Report) , GOL Linhas Aéreas Inteligentes S.A. and SkyWest, Inc. (SKYW - Free Report) . While Deutsche Lufthansa sports a Zacks Rank #1 (Strong Buy), GOL Linhas and SkyWest hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Deutsche Lufthansa and GOL Linhas have surged more than 74% and 60%, respectively, in the last six months, whereas SkyWest shares have rallied in excess of 45% over the same time frame.
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Hawaiian Holdings’ (HA - Free Report) wholly owned subsidiary Hawaiian Airlines reported impressive traffic figures for September. Revenue Passenger Miles (RPMs), a measure of traffic, increased 6.3% to 1.37 billion in September on a year-over-year basis.
Notably, Hawaiian Airlines has witnessed a 5.5% improvement in RPMs to 12.2 billion on a year-to-date basis. Also, ASMs were up 2.9% to 14.21 billion. Load factor expanded 210 bps to 85.8% as well. Additionally, passenger count rose 3.3% to 8.61 billion in the first nine months of 2017.
Hawaiian Holdings, which will release its third-quarter 2017 results on Oct 19, increased its guidance for gallons of jet fuel consumed and economic fuel cost per gallon. The carrier, based in Honolulu County, HI, expects gallons of jet fuel consumed to increase year over year between 3% and 4% (previous guidance had called for an increase between 3% and 5%).
Rising fuel costs have caused the carrier to project economic fuel cost per gallon between $1.65 and $1.75 (previous guidance had estimated the metric between $1.55 and $1.65). We expect rising costs (fuel and labor) to hurt the bottom line in the third quarter.
Zacks Rank & Key Picks
Hawaiian Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in airline space are Deutsche Lufthansa AG (DLAKY - Free Report) , GOL Linhas Aéreas Inteligentes S.A. and SkyWest, Inc. (SKYW - Free Report) . While Deutsche Lufthansa sports a Zacks Rank #1 (Strong Buy), GOL Linhas and SkyWest hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Deutsche Lufthansa and GOL Linhas have surged more than 74% and 60%, respectively, in the last six months, whereas SkyWest shares have rallied in excess of 45% over the same time frame.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
See these buy recommendations now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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